Xcel Energy Inc. (XEL) Earnings History
Annual and quarterly earnings data from 1994 to 2024
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EPS Growth Rates (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | 45.7% | 17.8% | 14.4% |
| 2023 | 42.1% | 17.5% | 12.5% |
| 2022 | 38.3% | 15.9% | 11.3% |
| 2021 | 39.1% | 16.4% | 11.9% |
| 2020 | 43.1% | 18.4% | 12.8% |
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Xcel Energy Inc. (XEL) Earnings Overview
As of March 2, 2026, Xcel Energy Inc. (XEL) reported trailing twelve-month net income of $1.92B, reflecting +0.1% year-over-year growth. The company earned $3.29 per diluted share over the past four quarters, with a net profit margin of 0.1%.
Looking at the long-term picture, XEL's 5-year EPS compound annual growth rate (CAGR) stands at +5.4%, showing solid earnings momentum. The company achieved its highest annual net income of $1.94B in fiscal 2024, representing a new all-time high.
Xcel Energy Inc. maintains positive profitability with a gross margin of 0.5%, operating margin of 0.2%, and net margin of 0.1%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including DUK ($4.99B net income, 0.2% margin), ETR ($1.77B net income, 0.1% margin), PEG ($2.11B net income, 0.2% margin), XEL has room to improve margins relative to the peer group. Compare XEL vs DUK →
Peer Comparison
Earnings metrics vs industry competitors
Historical Data
31 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $1.94B | +9.3% | $2.39B | $3.44 | 14.4% | 17.8% |
| 2023 | $1.77B | +2.0% | $2.48B | $3.21 | 12.5% | 17.5% |
| 2022 | $1.74B | +8.7% | $2.43B | $3.17 | 11.3% | 15.9% |
| 2021 | $1.60B | +8.4% | $2.20B | $2.96 | 11.9% | 16.4% |
| 2020 | $1.47B | +7.4% | $2.12B | $2.79 | 12.8% | 18.4% |
| 2019 | $1.37B | +8.8% | $2.10B | $2.64 | 11.9% | 18.2% |
| 2018 | $1.26B | +9.8% | $1.97B | $2.47 | 10.9% | 17.0% |
| 2017 | $1.15B | +2.2% | $2.19B | $2.25 | 10.1% | 19.2% |
| 2016 | $1.12B | +14.1% | $2.21B | $2.21 | 10.1% | 19.9% |
| 2015 | $984M | -3.6% | $2.00B | $1.94 | 8.9% | 18.1% |
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Start ComparisonFrequently Asked Questions
Is XEL growing earnings?
XEL EPS of $3.29 reflects slowing growth at +0.1%, below the 5-year CAGR of +5.4%. TTM net income is $1.9B. Expansion rate has moderated.
What are XEL's profit margins?
Xcel Energy Inc. net margin is +0.1%, with operating margin at +0.2%. Below-average margins reflect competitive or cost pressures.
How consistent are XEL's earnings?
XEL earnings data spans 1994-2024. The current earnings trend is +0.1% YoY. Historical data enables comparison across business cycles.